Information on this page is provided by Roseanne Jefferson.
Roseanne is a retired USPS employee with an extensive background in USPS
retirement, disability retirement, OWCP, EEO, Labor Relations and HR.
She conducts individual and group counseling and is able to
comprehensively discuss the pros and cons of employees who are on OWCP,
disability retirement and regular retirement. Roseanne will be happy
to answer your postal retirement questions. Contact Roseanne at
Retirement Q&A Memorial Day 2011
Day Postal Employees!
Well I must say that I am pretty "PO'd" about right now. I have
heard rumors, and they ARE true..because I have seen validation of
it. What is she talking about?? I am hoping I have your attention
now. You all know that I do individual retirements so I am always
seeing the changes in paperwork and see a consistent degrading of
adequate information that employees are receiving through the
Again, what is she talking about? Hopefully you are in….AND I HOPE
YOU GET AS PO'D AS I AM. As the Mgr of Personnel, and after I
retired, when I did retirements for clients (up to 2009), YOUR
annuity estimates were ordered through NARCES. If any of you out
there have an estimate from at least 2009 or prior to that, it will
be from NARCES. That estimate was a comprehensive piece of
information to the employee explaining IN DETAIL (with a little
assistance, I'll grant you) your retirement in totality. It was one
complete sheet of information that was CRITICAL in the accurate
completion of your retirement paperwork. NOW THE RUMOR. I was told
that OPM is allowing (either just the post office or all federal
agencies) to create the annuity estimate, because their numbers
(meaning high 3 salary figures) are accurate. Well that's true, the
agencies do have the accurate salary necessary to compute your
annuity. And NARCES was only a "snap shot" of your last 3 years
anyway. I say 99% of the time your last 3 years of employment are
your high 3 years.
But get ready because the estimates coming out from the post office
are in a word LAME, and seriously LACKING OF NECESSARY INFORMATION.
They are missing at least 10 pieces of information that are REQUIRED
on the retirement form. I am doing a retirement right now and there
is so much anger inside of me because if those of you who have never
seen a NARCES estimate, then get this BS estimate, HOW DO YOU KNOW
WHAT THEY ARE NOT TELLING YOU AND BELIEVE ME THEY ARE NOT TELLING
YOU. The life insurance on the forms shows you have none. NOT TRUE.
Every postal employee has at a minimum Basic Life Insurance, which
is your yearly salary, rounded up the the next thousand, plus an
additional 2 thousand, and on top of that the post office pays for
your basic life insurance. But when you get this post office annuity
estimate, there is no insurance information is on there. No Basic,
no Option A, B, C. In a word, UNREAL. You want UNREAL again; they
don't show you how much your health insurance will be after
conversion to retirement, because it does increase. So on the NARCES
annuity form if there is a question, you ask. There will be nothing
on the Post Office annuity form to question, because it lacks
information YOU SHOULD QUESTION....and so YOU CAN'T ASK.. Shameful!
I'm sure I will get some backlash about this, but IT'S FLAT OUT
WRONG. Some of you will write in the comment section some nonsense
unrelated to this column or give me grief about me trying to help
you!! I know there is no way for any of you reading this to know
what I know, or see how they are taking away your options in
retirement , by simply not showing them. The younger the employee,
the less knowledge you have about the benefits. Now for the why, so
you DON'T TAKE THE HEALTH BENEFITS. Then the POST OFFICE DOESN'T
HAVE TO ASSIST SUPPLEMENTING YOUR HEALTH BENEFITS TO THE GOVERNMENT
IN YOUR BEHALF.
…OH, YOU DIDN'T KNOW THAT….THAT THE POST OFFICE STILL PAYS AN
ENORMOUS AMOUNT OF MONEY MONTHLY TO FEHB IN YOUR BEHALF EVEN IN
YOU DIDN'T KNOW THAT DID YOU? Don't get me started on HOW MISLEADING
the FEGLI is on the annuity estimate either!! I have created a
mission statement for my business: "I help achieve what you deserve"
If you are in Ohio, and , interested in an individual retirement
session this summer, please email …Till the next time we talk,